Current News & Events
Hits and Misses for the Real Estate Week of Nov. 3-7
Fewer first-time buyers in the housing market, the firing of the FHFA’s inspector general, and the comeback for a historic Salt Lake City theater. Continue Reading Hits and Misses for the Real Estate Week of Nov. 3-7
$37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard
The three-acre estate features a 15,000-square-foot residence with seven bedrooms. Continue Reading $37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard
Millennials and homebuying: Real estate adapts to largest generation
Source: Bankrate --- Key millennial homebuying statistics in 2022 Millennials represent 43 percent of homebuyers, the highest share of any generation, according to the National Association of Realtors (NAR). One-quarter of that group are older millennials aged 32 to...
Inside the Queen’s sizable New York real estate portfolio
Source: The Real Deal --- Long live the Queen — or at least her real estate holdings. Queen Elizabeth, Britain’s longest-reigning monarch, died Sept. 8 at the age of 96 at Balmoral Castle in Scotland, one of several royal residences spread throughout the United...
How ‘Forever Renters’ Are Changing Real Estate As We Know It
Source: Forbes --- The cost of a home is at an all-time high in the United States. According to the National Association of REALTORS®, the median home price increased by 15% from last year. But how exactly is this housing market impacting millennials and Gen-Z?...
Homebuilder sentiment tumbles in September for ninth straight month
Source: Fox Business --- Confidence among builders in the U.S. housing market plunged more than expected in September to the lowest level since the beginning of the COVID-19 pandemic as painfully high inflation and rising borrowing costs forced potential buyers to...
Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse
Source: Bloomberg --- Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand. The US housing market’s sharp downturn has been bad for builders, flippers and almost anyone who had plans to sell a home when rising mortgage...
Housing inventory may not rebound for some time, despite slowing market
Source: Washington Business Journals --- Inventory has been a closely-watched metric of the U.S. housing market during, and leading up to, the Covid-19 pandemic.
US housing market in ‘deep recession’ as homebuilder confidence tanks: economist
Source: NY Post --- The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve to ease up on interest rate hikes, a prominent economist warned on Monday. Homebuilder confidence declined for the ninth straight month in...
Analysis-China’s mortgage boycott quietly regroups as construction idles
Source: Yahoo Finance --- BEIJING (Reuters) - Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress at more sites now threatens to intensify the boycott, despite assurances from...
Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch --- Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run ... nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible exceptions...
Do you really need a real estate attorney? Here’s 3 times it’s worth it, and 4 times where you can skip it
Source: Yahoo --- Buying and selling property comes with a laundry list of expenses — home inspections, appraisals, insurance, property taxes, real estate agent commissions, lawyer costs, and more. These add up fast. Nobody likes spending more than they have to, and...
